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EUROZONE T-BILL ISSUANCE

W/C 7 November, 2022

EURJPY TECHS

Sights Are On Key Resistance

BTP TECHS

BTP TECHS: (Z2) Trading Closer To Its Recent Lows

USDJPY TECHS

Approaching The 50-Day EMA

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‌‌(Z2)‌‌ Pierces Resistance At The 20-Day EMA

US 10YR FUTURE TECHS
  • RES 4: 116-11 50.0% retracement of the Aug 2 - Sep 28 bear leg
  • RES 3: 115-26 50-day EMA
  • RES 2: 114-31+ 38.2% retracement of the Aug 2 - Sep 28 bear leg
  • RES 1: 113-30 High Oct 4
  • PRICE: 112-12 @ 15:04 BST Oct 5
  • SUP 1: 111-20+/110-19 Low Sep 29 / Low Sep 28
  • SUP 2: 110-00 Psychological Support
  • SUP 3: 109 07 3.0% 10-dma envelope
  • SUP 4: 109-23+ Low Nov 30 20074 (cont)

Treasuries traded higher Monday, but have partially reversed the week’s strength into the Wednesday close. To the upside, the contract has pierced the 20-day EMA, which intersects at 113-26+. A clear break would signal scope for an extension of the current correction and open 114-31+, a Fibonacci retracement. The recovery from last week’s lows is considered corrective and is allowing an oversold trend condition to unwind. Initial support is at 111-20+, the Sep 29 low.

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  • RES 4: 116-11 50.0% retracement of the Aug 2 - Sep 28 bear leg
  • RES 3: 115-26 50-day EMA
  • RES 2: 114-31+ 38.2% retracement of the Aug 2 - Sep 28 bear leg
  • RES 1: 113-30 High Oct 4
  • PRICE: 112-12 @ 15:04 BST Oct 5
  • SUP 1: 111-20+/110-19 Low Sep 29 / Low Sep 28
  • SUP 2: 110-00 Psychological Support
  • SUP 3: 109 07 3.0% 10-dma envelope
  • SUP 4: 109-23+ Low Nov 30 20074 (cont)

Treasuries traded higher Monday, but have partially reversed the week’s strength into the Wednesday close. To the upside, the contract has pierced the 20-day EMA, which intersects at 113-26+. A clear break would signal scope for an extension of the current correction and open 114-31+, a Fibonacci retracement. The recovery from last week’s lows is considered corrective and is allowing an oversold trend condition to unwind. Initial support is at 111-20+, the Sep 29 low.